• Strategic and transformative transaction would sharpen Harmonic’s center of attention on its core Broadband trade and proceed its enlargement projects
• Guarantees persevered innovation and help for Harmonic Video consumers beneath MediaKind
• All money transaction for about $145 million
• Convention name nowadays, December 8, 2025, at 8:00 a.m. ET

SAN JOSE, Calif., Dec. 8, 2025 /PRNewswire/ — Harmonic (NASDAQ: HLIT), the global chief in virtualized broadband and video supply answers, nowadays introduced it has gained a binding do business in from MediaKind, an international chief in cloud-based video streaming generation, to obtain its Video Industry section for about $145 million in money. The transaction, which is predicted to near within the first part of 2026, is matter to a French worker works council session procedure and common ultimate statuses and regulatory approvals.

The proposed transaction would boost up Harmonic’s long-term technique by way of sprucing its center of attention on enlargement priorities in its industry-leading virtualized Broadband trade. Moreover, this divestiture would ship a wholesome capital infusion and extra bolster Harmonic’s steadiness sheet, offering the monetary flexibility to raised lend its increasing buyer bottom and form shareholder worth.

“This strategic transaction will, if completed, advance the growth strategies of both companies,” stated Nimrod Ben-Natan, president and eminent government officer of Harmonic. “It would allow Harmonic to zero in on its core Broadband segment, while ensuring the Video Business, its customers and dedicated employees become part of an organization committed to the future of video delivery. We are incredibly proud of our Video team’s accomplishments and look forward to the next chapter of this business’s growth under MediaKind.”

MediaKind CEO Allen Broome added, “This combination would represent a meaningful step forward in our long-term strategy and reflect our commitment to supporting customers with enhanced product solutions. By joining Harmonic’s Video Business with MediaKind, we would strengthen our ability to invest across our entire portfolio, led by an expanded and complementary research and development platform that will significantly accelerate innovation. Together, we would create the leading independent streaming infrastructure company, giving customers a stronger, more reliable partner to power the future of video.”

Harmonic nowadays could also be reaffirming its general corporate monetary steering for This fall 2025. For additional main points, please please see the corporate’s 3rd quarter 2025 effects press shed.

Advisors: 

Wilson Sonsini Goodrich & Rosati, P.C. is serving as felony guide to Harmonic, and Jefferies LLC is serving as unique monetary guide. Davis Polk & Wardwell is serving as felony guide to MediaKind, and Moelis & Corporate is serving as unique monetary guide.

Convention Name Data

Harmonic will host a convention name nowadays, Monday, December 8, 2025, at 8:00 a.m. ET (5:00 a.m. PT), to talk about this pending transformative transaction. The reside webcast can be to be had at the Harmonic Investor Members of the family website online at http://investor.harmonicinc.com. To take part by means of phone, please sign in in proceed the use of this hyperlink, https://edge.media-server.com/mmc/p/oaqkszn3. A replay can be to be had nearest 11:00 a.m. ET at the similar website online.

About Harmonic Inc. 

Harmonic (NASDAQ: HLIT), the global chief in virtualized broadband and video supply answers, permits media firms and repair suppliers in order ultra-high-quality video streaming and broadcast products and services to shoppers globally. The corporate revolutionized broadband networking by means of the {industry}’s first virtualized broadband resolution, enabling operators to extra flexibly deploy gigabit web products and services to shoppers’ houses and cellular units. Whether or not simplifying OTT video supply by means of leading edge cloud and instrument platforms, or powering the supply of gigabit web products and services, Harmonic is converting the best way media firms and repair suppliers monetize reside and on-demand content material on each display. Additional info is to be had at www.harmonicinc.com.

About MediaKind 

At MediaKind, we’re trailblazers within the video generation terrain, empowering over 2,000 world provider suppliers, operators, content material homeowners, and broadcasters. Our award-winning video generation units a brandnew bar for high quality of revel in, and our loyalty to innovation and excellence has been using the media and leisure {industry} to brandnew heights for 3 a long time, date our state-of-the-art answers ship unequalled viewing stories throughout straight, on-demand, and OTT products and services. As a catalyst for reside leisure and an Emmy award-winning chief, we stay a relied on spouse in shaping the year of media and leisure international. For more info, please consult with: www.mediakind.com

Felony Realize Referring to Ahead-Having a look Statements

This press shed incorporates forward-looking statements inside the that means of Division 27A of the Securities Operate of 1933 and Division 21E of the Securities Change Operate of 1934, together with statements similar to the pondered sale of Harmonic’s Video Industry, the timing of the proposed transaction and expected advantages of the proposed transaction. Our expectancies and ideology referring to those issues would possibly not materialize and are matter to dangers and uncertainties, together with the chance that the proposed transaction does now not near because of regulatory approvals now not being bought or alternative ultimate statuses now not being fulfilled, the works council session procedure is lengthier than expected, the proposed transaction encounters unanticipated delays or is suspension or canceled because of a subject material adversarial match or alternate, and expected advantages for Harmonic because of the proposed transaction don’t absolutely materialize. The forward-looking statements contained on this press shed also are matter to alternative dangers and uncertainties, reminiscent of the ones extra absolutely described in Harmonic’s filings with the Securities and Change Fee, together with its Annual File on Method 10-Okay for the month ended Dec.31, 2024, its Quarterly Stories on Method 10-Q and its Wave Stories on Method 8-Okay. The forward-looking statements on this press shed are in line with data to be had to Harmonic as of the time hereof, and Harmonic disclaims any legal responsibility to replace any forward-looking statements.

Harmonic, the Harmonic emblem and alternative Harmonic marks are owned by way of Harmonic Inc. or its associates. All alternative emblems referenced herein are the quality in their respective homeowners.

SOURCE Harmonic Inc.